RHB Islamic and Education Ministry Launch Multi-Purpose Smart Card for TVET Students

Strategic Insights -

RHB Islamic Bank Berhad, in collaboration with the Malaysian Ministry of Education, has introduced a multi-purpose smart card for Technical and Vocational Education and Training (TVET) students. The smart card, called MyTVETKPM, serves as both a student matriculation identity card and an RHB debit card, providing practical financial solutions for students. This initiative aims to elevate the TVET sector and support a sustainable talent pipeline, benefiting 74,000 students across 86 vocational colleges and 9 technical schools nationwide.

Key Takeaways:

  • The MyTVETKPM initiative was launched by RHB Islamic Bank Berhad and the Malaysian Ministry of Education to provide a multi-purpose smart card for TVET students, functioning as a student matriculation identity card and an RHB debit card.
  • The initiative aims to elevate the TVET sector and provide practical financial solutions for students, supporting a sustainable talent pipeline.
  • MyTVETKPM will benefit 74,000 students across 86 vocational colleges and 9 technical schools nationwide, building on the success of MySISWA, which reached over 600,000 students in 2022.
  • The smart card will be used by students to open an RHB Pro Savings Account-i, enabling a one-card-for-all experience, allowing them to manage funds, perform cashless payments, and enjoy exclusive promotions and discounts from participating vendors.
  • The initiative reflects RHB Islamic's commitment to empowering students and institute of higher learnings through a holistic financial ecosystem, promoting better financial management, fostering saving habits, and enabling smart cashless campuses across the country.
  • The collaborative agreement for this initiative was signed between RHB Islamic and Yayasan Didik Negara, the official philanthropic arm of the Ministry of Education, in 2024.

Statistics:

  • 74,000 students will benefit from the MyTVETKPM initiative.
  • MyTVETKPM will be used by students across 86 vocational colleges and 9 technical schools nationwide.
  • MySISWA, introduced in 2022, reached more than 600,000 students from 20 public universities.
  • The number of students benefiting from MyTVETKPM is significantly lower than MySISWA.

Sources:

  • Nibong Tebal, Pulau Pinang, June 11 -- RHB Bank Berhad
  • RHB Islamic Bank Berhad
  • Ministry of Education, Malaysia
  • Yayasan Didik Negara